BUSINESS
Sebi working on common advertisement code of all market intermediaries in ease of business push
The basic purpose of the proposed advertising code is to ensure ads stay accurate, fair, clear, unambiguous and concise, so that investors can make informed decision about their investments.
INDIA
Ensure financial viability before the demerger, experts say on SEBI’s proposal for demerger of clearing corporations
Unbundling of charges is key to understand the needs of revenue sufficiency of clearing corporations
BUSINESS
Sebi files reply in ASM-GSM dispute; Kairosoft denies allegation
Sebi's informed the court that a search and seizure conducted against Kairosoft’s Director and one more person had revealed manipulation in the company's Rights Issue.
BUSINESS
Sebi likely to investigate listed companies involved in Mahadev money laundering case
The Enforcement Directorate’s investigation centers around the claim that funds generated from the Mahadev Betting App were routed out of India and later re-invested into Indian shares through FPIs operating from jurisdictions like Dubai and Mauritius.
BUSINESS
ASM-GSM Dispute: Delhi High Court reserves order on jurisdictional issue
Kairosoft’s case could test the regulator’s stock surveillance process for curbing speculation and market manipulation
MARKETS
Gensol saga: Independent director Arun Menon resigns, reveals Anmol Jaggi had another IPO plan
The resignation email clearly indicates that promoter Anmol Singh Jaggi had an IPO plan for one of the group company, Matrix.
MARKETS
Jaggi brothers diverted funds to invest in Ashneer Grover's startup, other assets: Sebi
Anmol Singh Jaggi also invested Rs 1.35 crore in Batx Energies, a startup that recycles lithium-ion batteries in India, according to the SEBI interim order. The company was founded in 2020.
BUSINESS
ASM-GSM dispute in Delhi HC: Kapil Sibal opposes actions of SEBI and BSE
Kairosoft’s case could test the regulator’s stock surveillance process for curbing speculation and market manipulation
BUSINESS
Gensol likely to face multi-agency probe as Sebi flags fund diversion, stock manipulation
Legal experts say the allegations, if finally proven, could trigger parallel investigations under corporate fraud, money laundering, and criminal breach of trust laws.
BUSINESS
Gensol Engineering and promoters barred from accessing capital market, stock split on hold as Sebi orders forensic audit
Sebi has also proposed to seek a forensic audit of the books of Gensol Engineering and its related parties, with the directive to submit the report within six months of appointment.
BUSINESS
E-futures coming soon: Top exchanges seek SEBI approval for electricity derivatives launch
NSE, MCX have submitted proposals to launch electricity derivatives; IEX may forge alliance with exchanges to share reference spot rates
BUSINESS
ASM-GSM dispute: Delhi High Court to hear Kairosoft vs SEBI, BSE tomorrow
Kairosoft’s case could test the regulator’s stock surveillance process for curbing speculation and market manipulation
BUSINESS
IT sleuths target brokers for proprietary trading abuse
Several brokers were served IT notices suspected of misusing trading terminals and masking third-party trades as loan entries
BUSINESS
Exchanges target rolling out common contract notes in current quarter, testing of framework underway
The proposal of a common contract note with weighted average price across exchanges is long pending due to issues related to the readiness of market participants.
BUSINESS
Sebi sets up high-level panel on conflict of interest, disclosures for board and officials
The high-level committee is expected to submit its recommendations within three months from the date of constitution, and the recommendations will be placed before the Sebi board for approval.
BUSINESS
Market fall reignites ask for 24/7 index derivatives trading
Market intermediaries and Market Infrastructure Institutions (MIIs) need to reach a consensus on this proposal, for it to pass; SEBI has given the go ahead for extended trading hours as far back as 2018
BUSINESS
Exclusive: SEBI investigation looms over Gensol Engineering
SEBI could soon launch a probe into alleged improprieties in related-party transactions of Gensol Engineering, among other things, according to people aware of the matter.
BUSINESS
SEBI finalizes proposal to stop the misuse of prop trading terminals
The policy has been broadly finalized and shared with stakeholders. Exchanges will be asked to implement it after taking input from brokers
BUSINESS
NSDL granted a four-month extension by Sebi for IPO, deadline pushed to July 31
NSDL was previously attempting to launch its Rs 3,000 crore IPO in April, however, an extension was sought owing to market conditions and company’s preparedness, leading to a revised timeline.
BUSINESS
Trading uninterrupted! If BSE goes down, trade on NSE, and vice versa
NSE and BSE to act as backups for each other in case of major outage from today.
BUSINESS
Happy New Financial Year! Relief for brokers as regulator eases technical glitch norms
Exchanges, with SEBI’s nod, have eased technical glitch norms—no penalties in certain cases, capped fines for non-reporting, and no business restrictions if few clients are affected
BUSINESS
NSE knocks SEBI door again for all-important NOC for proposed IPO
NSE is of the view that if the clearing corporation is diversified then the exchange will no longer have to support the entity with capital infusion, and it will improve exchange’s reserves.
BUSINESS
NSE likely to put the change in expiry day on hold
NSE had earlier proposed to shift its expiry to Monday from Thursday, with the change kicking in from April 4.
BUSINESS
IndusInd Bank key officials under Sebi lens for alleged insider trading
Sebi is examining both the trading pattern and IndusInd’s communication with RBI to ascertain if there was any violation of insider trading regulation, or the trades were carried out as part of a normal course.
